PAYMENT AFTER BORROWER EVENT OF DEFAULT. Upon the occurrence and during the continuation of a Borrower Event of Default, all Contract Proceeds pertaining to Facility Contracts and/or Facility Equipment shall be applied by Lender in such manner as Lender shall determine.
Appears in 4 contracts
Samples: Loan and Security Agreement (PDS Gaming Corp), Loan and Security Agreement (PDS Financial Corp), Loan and Security Agreement (PDS Financial Corp)
